The Exchange had sought clarification from Kundan Minerals and Metals Limited for the quarter ended 30-Jun-2025 with respect to Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. On basis of above the Company was required to clarify the following: The response of the Company is enclosed.
Awaiting price reaction for this filing.
NSE sought clarification from Kundan Minerals and Metals on its Q1 FY26 (quarter ended 30 June 2025) financial results, flagging two issues: the machine-readable/legible copy of the results was not submitted, and the results were not signed by authorized signatories. The company submitted the machine-readable form and confirmed the results were signed by Deepak Gupta (Executive Director & CFO) and Siddharth Gogia (Executive Director), both authorized by the Board at its 13 August 2025 meeting. The filing also includes the full unaudited standalone and consolidated financial results reviewed by statutory auditor Ashwani & Associates. On a consolidated basis, the company reported total income of Rs 15,343.27 lakhs and profit after tax of Rs 528.19 lakhs for Q1 FY26, a turnaround from a loss of Rs 125.63 lakhs in Q1 FY25. Consolidated EPS stood at Rs 0.87 for the quarter.
This is primarily a procedural compliance filing addressing technical disclosure issues, with no material change to business fundamentals. The swing to consolidated profitability is mildly positive, though the standalone numbers show a sharp dip in revenue from operations versus prior periods, warranting a closer look at the underlying business momentum.